10 Key Data Points About Crypto-Assets to Start 2020

It’s a new year and, with that, the speculations about the performance of the crypto market are flying free. From a big drop to drastic rallies, analysts seem to be all over the place when comes to predicting the performance of the top cryptocurrencies. . Instead of getting into the prediction game, we would like to start the year by presenting some interesting data points that might shade some light into the current state of the crypto markets and their behavior in the near future.

Bitcoin

During the last few weeks, Bitcoin has remained steady around the low $7000s. A detailed examination of the data reveals some explanations for that behavior.

1)There are almost 1.7 million Bitcoins between $7000 and $7450

IntoTheBlock’s In-Out Money analysis reveals that this volume of active Bitcoins at those price ranges has made $7450 a difficult barrier to break through.

2)If Bitcoin breaks through $7450, then it will face strong resistance all the way to $8420.

The same analysis shows that there are 2,960,000.00 addresses in the Bitcoin network with positions…